Market News
Congress Looks To Extend NFIP 5 More Years
In the latest congressional action impacting the National Flood Insurance Program (NFIP), the House Financial Services Committee unanimously approved legislation on June 12, 2019, to extend the NFIP 5 more years. Read More
IVANS: Commercial Lines Renewal Rates Show Varied Change
IVANS announced its May 2019 results showing varied change in premium renewal rates with businessowners policy, general liability, and commercial property experiencing an upward turn, and commercial auto, umbrella, and workers compensation experiencing a downtick in rate. Read More
US Commercial Insurance Prices Increase 2 Percent 1Q 2019
US commercial insurance prices have increased in the first quarter of 2019, according to Willis Towers Watson's latest "Commercial Lines Insurance Pricing Survey." Read More
Cyber Insurance Market Remains Untested Amid Slowing Growth
The cyber insurance market remains a source of growth for US property-casualty insurers; however, that growth is slowing, according to Fitch Ratings. The industry's total direct written cyber premiums grew 8 percent in 2018 to $2 billion, down from 37 percent growth in 2017. Read More
KBRA Affirms Watford Holdings Rating
Kroll Bond Rating Agency (KBRA) has affirmed the insurance financial strength ratings of A for the operating subsidiaries of Watford Holdings Ltd. Read More